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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (50356)	12/15/2012 2:13:08 AM
From: Spekulatius	Respond to of 78748

I exited MRVL at 8.72$ a few days ago at a loss. I have no confidence in the recent bounce that we have been seeing with stocks that had high losses this year, like MRVL, DELL, RIMM and NOK. I think this will turn out to be a dead cat bounce. I noticed whacky trading with many low volume stocks n recent days, with 5-10% sudden drops without apparent reason. I decided to take advantage of these drops and purchased several small cap/low volume bank stocks. We will see how this works out. One example BHB, a ver solid regional bank located in Maine, which suddenly dropped in price towards, the end of the day. I purchased some a little below 32$ today.

To: Paul Senior who wrote (50356)	1/15/2013 4:34:38 PM
From: E_K_S	Read Replies (1) \| Respond to of 78748

Iona Energy Inc. (IONAF) This one looks like it wants to break out to multi year highs. I followed you in on this one in 3/2012 and it really has not done much (is still higher than my initial buy in price). My interest was in their North Sea NG holdings and/or development potential. The company has had a few interesting news announcements specifically this one in December: Iona Energy Signs Huntington Sale and Purchase Agreement Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA) is pleased to announce it has entered into a definitive Sale and Purchase Agreement with Carrizo Oil & Gas, Inc. ("Carrizo") to acquire the entire share capital of its wholly owned subsidiary, Carrizo UK Huntington Limited ("Carrizo UK"), including its interest in License P1114 of UK North Sea Block 22/14b including the near-producing Huntington oil field development ("Huntington"). In addition to customary closing conditions and purchase price adjustments, the transaction is subject only to final approval of the United Kingdom's Department of Energy and Climate Change ("DECC"), and is expected to close prior to the end of January 2013.Included in the Sale and Purchase are:A 15% non-operated working interest in the Huntington oil field; Royalties equivalent to 2.55% of total gross oil and gas production from the Huntington Joint Venture Partners (the "Royalties"); A 100% interest in that part of the yet-to-be licensed 27th License Round award covering Block 22/14d that contains the 3D seismically mapped extension of the Jurassic discovery which underlies Huntington; and Carrizo UK's ring-fenced tax losses totaling USD$111 million as at the transaction effective date of July 1st, 2012. Maybe this new lease transaction is gaining some interest. EKS